Fidelity Electric Vehicles and Future Transportation ETF (FDRV) Straddle

Trading a FDRV straddle lets you take a pure volatility position on Fidelity Electric Vehicles and Future Transportation ETF without committing to a direction. Fidelity Electric Vehicles and Future Transportation ETF's straddle involves buying (or selling) a call and a put at the same strike and expiration, profiting when the stock moves more (or less) than the combined premium implies. Use our scanner to evaluate FDRV straddle pricing in real time and find the moments when expected moves are mispriced.

A long straddle on FDRV profits from large moves in either direction and is a classic play into binary events like earnings, product announcements, or macro releases. A short straddle profits when Fidelity Electric Vehicles and Future Transportation ETF stays range-bound and implied volatility contracts. The breakeven points are simple: strike plus total premium on the upside, strike minus total premium on the downside. Comparing the FDRV straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.

Invests in companies engaged in the production of electric and autonomous vehicles and/or their components, technology, or energy systems.

Earnings, product cycles, macro prints — any time volatility itself is the trade, the FDRV straddle is the cleanest expression of that view. Our scanner prices every FDRV straddle against historical realized moves, flags expirations where the market is overpaying or underpaying for vol, and ranks setups by breakeven width and IV rank. Whether you're long a FDRV straddle into a catalyst or short a FDRV straddle to harvest decay, the options straddle setups that matter are all in one place.